AvaTrade is one of the many options for those who want someone else to take care of their trading. The service has a low minimum account balance, average to competitive spreads, and is designed to accommodate both individuals and large institutions. However, the company can be difficult to navigate for potential clients, and it lacks high-end trading platforms and extensive news and research. Nevertheless, this might be worth considering if you re a beginner or don t want to spend your time managing a trading account.
While it is possible to find an individual who can trade the foreign currency exchange market for you, it is not easy to keep up with the volatile nature of the market. Forex is a complex, full-time profession that can fluctuate at any given moment. Many individuals don t have the time to monitor the market themselves and would rather hire a professional to handle the trades. While this approach might not be for everyone, it may be the best option for you if you have time to devote to following market trends.
Founded in 2006, AvaTrade has offices throughout the world, including Australia and Asia-pacific. The company is regulated by the Australian Securities and Investment Commission, and holds accreditation from the Central Irish Bank and Abu Dhabi Financial Services Regulatory Authority. The broker offers industry-standard spreads and a variety of trading platforms for both individuals and professional traders. AvaTrade is available in 15 languages and operates with over 200, 000 registered users.
While AvaTrade is a very secure and regulated forex broker, you may still want to choose a company that has the best customer support and trading opportunities. Fortunately, AvaTrade excels in copy trading software, and has a low monthly fee for this service. With so many options and diverse trading tools, it is likely to be the best option for you. It is important to note that AvaTrade offers a full range of social and copy trading platforms.